Old West Investment Management LLC Has $13.23 Million Position in Lockheed Martin Co. (NYSE:LMT)

Old West Investment Management LLC lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,230 shares of the aerospace company’s stock after purchasing an additional 597 shares during the period. Lockheed Martin accounts for about 5.4% of Old West Investment Management LLC’s holdings, making the stock its 3rd biggest position. Old West Investment Management LLC’s holdings in Lockheed Martin were worth $13,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Perennial Investment Advisors LLC grew its stake in Lockheed Martin by 20.9% in the 4th quarter. Perennial Investment Advisors LLC now owns 855 shares of the aerospace company’s stock valued at $415,000 after purchasing an additional 148 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in Lockheed Martin by 245.4% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,624 shares of the aerospace company’s stock valued at $3,219,000 after buying an additional 4,706 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Lockheed Martin during the fourth quarter worth about $33,688,000. ROI Financial Advisors LLC boosted its stake in Lockheed Martin by 3.0% in the fourth quarter. ROI Financial Advisors LLC now owns 3,127 shares of the aerospace company’s stock valued at $1,520,000 after acquiring an additional 90 shares during the last quarter. Finally, Pioneer Trust Bank N A OR grew its position in shares of Lockheed Martin by 1.3% during the 4th quarter. Pioneer Trust Bank N A OR now owns 1,944 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 24 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LMT shares. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $539.53.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Price Performance

NYSE:LMT opened at $432.72 on Friday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The stock has a fifty day moving average of $451.38 and a 200 day moving average of $506.46. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market capitalization of $101.50 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.